IllinoisJob Index: MSA Report

advertisement
IllinoisJob Index:
MSA Report
Release
data
Issue
10/31/2012
Jan 1990 / Sep 2012
15.09
Note: IDES revised their estimates for the number of jobs at the beginning of 2012.
www.real.illinois.edu
As a companion to the June 2011 Illinois Job Index that reports an positive rating, this MSA Report provides a localized picture on Illinois job
growth and allows for comparisons between local economies, Illinois, the Nation and the Rest of the Midwest.
Total non-farm employment
October
2012
Nation
Rest of Midwest (RMW)
Illinois
Illinois Metro
Illinois non-Metro (Rural)
Illinois Chicago (Upstate)
Illinois non-Chicago
Sep 2011
Number of
Jobs
133,500,000
18,935,500
5,711,500
5,212,100
499,400
4,069,100
1,642,400
Aug 2012 – Sep 2012
Growth
Rate
(%)
0.09
-0.15
0.24
-0.02
3.06
0.03
0.78
Number
of Jobs
114,000
-28,700
13,800
-1,000
14,800
1,100
12,700
Last 12 months
Growth
Rate
(%)
1.37
1.13
0.93
0.85
1.73
0.99
0.78
Number
of Jobs
1,806,000
210,800
52,500
44,000
8,500
39,800
12,700
The monthly Illinois Job Index and MSA Report are provided as tools for elected officials, policy leaders and the public. Understanding the
Illinois economy and business climate is enhanced by comparing and measuring Illinois employment growth rates against those of the Rest of the
Midwest (RMW: Indiana, Iowa, Michigan, Missouri, Ohio and Wisconsin) and the Nation. Data and analysis are provided by the Illinois
Economic Observatory / Regional Economics Applications Laboratory, University of Illinois. The MSA data (unless noted) were seasonally
adjusted to be consistent with state totals.
Talking Points

State,
Downstate
& Metro









MSA
page (2-4)



Illinois added 13,800 jobs in Sep 2012, compared with a revised 8,800 job changes in Aug 2012. Compared to Sep
2011, Illinois has added 52,500 jobs. The three-month moving average of jobs, a more stable measure of labor
market, was up by 5,800 jobs per month.
Illinois has lost 274,700 jobs since the economic crisis developed in December 2007.
Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 129,900 new jobs.
The major geographic divisions, Chicago-Downstate had positive performance while Metro-Rural had mixed
performance.
Illinois Rural area added 14,800 jobs at 3.06% this month, compared to a revised 1,400 job losses in Aug. At the
same time, Metro shed 1,000 jobs at -0.02% this month, compared to a revised 10,200 job gains in the previous
month.
Chicago added 1,100 jobs at 0.03% in Sep 2012, compared to a revised 7,500 job gains last month. On the other
hand, Downstate added 12,700 jobs at 0.78%, compared to a revised 1,300 job gains in Aug.
In terms of the 12-month aggregated account, Metro registered a positive 0.85% growth by adding 44,000 jobs
whereas Rural added 8,500 jobs at 1.73%. Chicago added 39,800 jobs at 0.99% whereas Downstate added 12,700
jobs at 0.78%.
Through Sep 2012, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January
1990 stood at 8.80%, 4.53%, 8.29% and 8.72%, respectively.
Illinois Metro shed 1,000 jobs at -0.02% in Sep of 2012. Five out of the ten MSAs posted positive growth in July.
Since the job recovery resumes in Jan 2010 in the IL state, MSA Peoria has shown an average growth rate of
0.17% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest
average growth rate -0.17%.
In terms of growth performance, five MSAs posted a net improvement from Aug to Sep, four declined in terms of
rank.
Peoria dropped to the last place in terms of monthly growth performance, while Kankakee climbed up to the first
place.
Over the last 12-month period, Rockford reached the first place while Decatur remained in the last place.
Illinois Jobs Index: MSA REPORT
release 10/31/2012
www.real.illinois.edu
page 1
Total non-farm Employment growth Jan 1990 – Sep 2012
130.0
125.0
120.0
115.0
110.0
105.0
100.0
95.0
US (1)
RMW (2)
IL (3)
90.0
IL_NonChicago (4)
Metro (5)
Rural (6)
85.0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Talking Points


State,
Downstate
& Metro



While the average growth for Illinois between 1990 and 2008 was 0.04%, the average from December 2007 to
Sep 2012 is -0.08%. This is better than the performance during the 2000-2001 downturns which saw declines
of -0.09%.
Since the economic crisis in December 2007, the average growth for Metro is -0.08% while for Rural it is
-0.04%. The same rate for Upstate it is -0.09% while for Downstate is -0.07%.
Over the last 12-month period, the average growth rate for Metro was 0.07% and for Rural it was 0.17%.
In 2010, Illinois’s performance was better than the RMW and compared favorably to the nation. In 2011,
Illinois has performed as good as the RMW but worse than the nation. In 2011, the average growth rate for
Illinois and the RMW is 0.05% while for the nation is 0.12%. So far in 2012 until Sep, the average growth rate
for Illinois is 0.07%, for the RMW is 0.12% while for the nation is 0.11%.
Downstate registered a -0.05% average decline in 2012 compared to an average gain of 0.10% growth in
2007, -0.17% decline in 2008, -0.32% decline in 2009, 0.09% growth in 2010 and 0.04% growth in 2011.
By MSA
Market Area
Bloomington-Normal (B-N)
Champaign-Urbana (C-U-R)
Chicago
Davenport-Rock Island-Moline (D-R-M)
Decatur
Kankakee
Peoria
Rockford
Springfield
Metro-East
Illinois
Illinois Jobs Index: MSA REPORT
Sep 2012
Number of
Jobs
90,000
103,500
4,069,100
179,400
52,500
43,300
183,500
147,000
112,400
231,300
Aug 2012 – Sep 2012
Growth
compared
to Illinois
+
+
-
Growth
Rate %
-0.70
0.15
0.03
0.20
-0.12
1.89
-1.10
-0.43
0.81
-0.41
0.24
release 10/31/2012
Number
Of Jobs
-631
200
1,100
300
-100
800
-2,000
-600
900
-1,000
13,800
Last 12 months
Growth
Rate %
Number
of Jobs
0.44
-0.01
0.99
-0.39
-1.27
1.44
0.77
1.64
1.04
-0.13
0.93
400
-10
39,800
-700
-700
600
1,400
2,400
1,200
-300
52,500
www.real.illinois.edu
page 2
MSA League Tables*: Non-farm Employment Growth Rate
Monthly growth:
Rank
Aug 2012
Sep 2012
Rank
Change**
1
Decatur (2.79%)
Kankakee (1.89%)
1
(+8)
2
Peoria (0.51%)
Springfield (0.81%)
2
(+2)
3
Bloomington-Normal (0.45%)
Davenport-Rock Island-Moline (0.2%)
3
(+4)
4
Springfield (0.34%)
Champaign-Urbana-Rantoul (0.15%)
4
(+4)
5
Chicago (0.19%)
Chicago (0.03%)
5
(+0)
6
Metro-East (0.18%)
Decatur (-0.12%)
6
(-5)
7
Davenport-Rock Island-Moline (0.16%)
Metro-East (-0.41%)
7
(-1)
8
Champaign-Urbana-Rantoul (-0.33%)
Rockford (-0.43%)
8
(+2)
9
Kankakee (-0.44%)
Bloomington-Normal (-0.7%)
9
(-6)
10
Rockford (-0.46%)
Peoria (-1.1%)
10
(-8)
Growth over last 12-months:
Rank
Aug 2012
Sep 2012
Rank
Change**
1
Peoria (2.29%)
Rockford (1.64%)
1
(+1)
2
Rockford (1.99%)
Kankakee (1.44%)
2
(+3)
3
Bloomington-Normal (1.85%)
Springfield (1.04%)
3
(+4)
4
Chicago (1.01%)
Chicago (0.99%)
4
(+0)
5
Kankakee (0.32%)
Peoria (0.77%)
5
(-4)
6
Davenport-Rock Island-Moline (0%)
Bloomington-Normal (0.44%)
6
(-3)
7
Springfield (-0.01%)
Champaign-Urbana-Rantoul (-0.01%)
7
(+1)
8
Champaign-Urbana-Rantoul (-0.06%)
Metro-East (-0.13%)
8
(+1)
9
Metro-East (-0.12%)
Davenport-Rock Island-Moline (-0.39%)
9
(-3)
10
Decatur (-0.49%)
Decatur (-1.27%)
10
(+0)
Talking Points




MSA League
Tables



Peoria (2nd to 9th) experienced the deepest fall this month.
Decatur (1st to 6th), Metro-East (6th to 7th) and Bloomington-Normal (3th to 9th) also dropped in terms of rank
from last month.
The most remarkable upward move in September was recorded for Kankakee (9th to 1st).
Springfield (4th to 2nd), Davenport-Rock Island-Moline (7th to 3rd), Champaign-Urbana-Rantoul (8th to 4th)
and Rockford (10th to 8th) also gained in terms of rank from last month.
In the 12 months growth league table, upward moves were only recorded for Rockford (2nd to 1st), Kankakee
(5th to 2nd), Champaign-Urbana-Rantoul (8th to 7th), Metro-east (9th to 8th) while downward moves were
recorded for Peoria (1st to 5th), Bloomington-Normal (3rd to 6th) and Davenport-Rock Island-Moline (6th to
9th).
Chicago and Decatur remained in the same place.
In the 12 months growth league table, Decatur remained in the last place and Rockford climbed up to the
first place.
*MSA League Tables are based on revised employment data. For instances of equal growth rate for multiple MSAs ranks are decided based on change of
growth rate from previous month.
**Changes indicate change in rank position compared to previous month and correspond to the MSA at the right column. Rise is indicated by a ‘’ and
decline by a ‘’ and for an unchanged position a ‘’ is used. Figures in parenthesis indicate relative rank change from previous month.
Illinois Jobs Index: MSA REPORT
release 10/31/2012
www.real.illinois.edu
page 3
Shaded area on above chart represents Illinois growth.
Sep 2012 MSA Employment by Sectors (000s) *
Market Area
Trade,
Construc- Manufac- transportat Information
turing
ion &
tion
(CON)
(MAN)
utilities
(INF)
(TTU)
Financial
activities
(FIN)
Profession
al &
Education Leisure &
Other
business & health hospitality Services
services
(EDU)
(LEI)
(OTH)
(PRO)
2.38
4.08
12.64
0.80
12.47
18.39
10.98
10.08
(2.6%)
(4.5%)
(14.1%)
(0.9%)
(13.9%) (20.4%) (12.2%) (11.2%)
3.13
8.03
16.93
2.71
4.30
7.91
13.04
10.6
Champaign-Urbana
(3.0%)
(7.8%)
(16.4%)
(2.6%)
(4.2%)
(7.6%)
(12.6%) (10.2%)
124.9
385.38
805.06
74.71
276.16
721.89
609.37
380.84
Chicago
(3.1%)
(9.5%)
(19.8%)
(1.8%)
(6.8%)
(17.7%)
(15%)
(9.4%)
8.32
24.7
37.11
2.51
8.04
21.53
25.85
16.84
Davenport-Rock
Island-Moline
(4.6%)
(13.8%) (20.7%)
(1.4%)
(4.5%)
(12%)
(14.4%)
(9.4%)
3.16
10.77
10.9
0.70
1.98
4.04
8.14
4.68
Decatur
(6.0%)
(20.5%) (20.7%)
(1.3%)
(3.8%)
(7.7%)
(15.5%)
(8.9%)
1.18
4.99
10.2
0.49
1.89
2.88
8.78
3.99
Kankakee
(2.7%)
(11.5%) (23.5%)
(1.1%)
(4.4%)
(6.6%)
(20.3%)
(9.2%)
7.16
29.02
34.39
2.49
7.26
22.85
33.17
17.61
Peoria
(3.9%)
(15.8%) (18.7%)
(1.4%)
(4.0%)
(12.5%) (18.1%)
(9.6%)
4.54
31.17
27.03
1.74
5.88
16.16
23.66
12.58
Rockford
(3.1%)
(21.2%) (18.4%)
(1.2%)
(4.0%)
(11%)
(16.1%)
(8.6%)
4.22
3.27
17.29
2.00
7.03
12.46
18.86
10.07
Springfield
(3.7%)
(2.9%)
(15.4%)
(1.8%)
(6.3%)
(11.1%) (16.8%)
(9.0%)
185.74
597.74
1133.68
97.70
365.54
864.29
856.12
534.00
IL
(3.3%)
(10.5%) (19.9%)
(1.7%)
(6.4%)
(15.1%)
(15%)
(9.4%)
* The Illinois Department of Employment Security does not collect sector employment data for Metro-East
BloomingtonNormal
Government
(GOV)
2.99
(3.3%)
3.09
(3.0%)
178.86
(4.4%)
7.54
(4.2%)
2.36
(4.5%)
1.72
(4.0%)
8.02
(4.4%)
8.48
(5.8%)
6.40
(5.7%)
239.16
(4.2%)
15.27
(17%)
33.55
(32.4%)
510.24
(12.5%)
27.03
(15.1%)
5.91
(11.3%)
7.23
(16.7%)
21.51
(11.7%)
16.53
(11.2%)
30.79
(27.4%)
828.15
(14.5%)
Total non-farm Employment growth rate Jan 1990 – Sep 2012
150.0
IL(1)
Bloomington-Normal (2)
Champaign-Urbana-Rantoul (3)
Chicago (4)
Davenport-Rock Island-Moline (5)
Decatur (6)
Kankakee (7)
Peoria (8)
Rockford (9)
Springfield (10)
St.Louis (11)
140.0
130.0
120.0
110.0
100.0
90.0
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
MSA DESCRIPTION: Bloomington-Normal (B-N): McLean Co.Champaign-Urbana (C-U-R): Champaign Co.,
Ford Co. & Piatt Co. Chicago: Cook Co. IL, DeKalb Co. IL, DuPage Co. IL, Grundy Co. IL, Kane Co. IL, Kendall Co.
IL, Lake Co. IL, McHenry Co. IL, Will Co. IL & Kenosha Co. WI Davenport-Moline-Rock Island (D-R-M): Henry
Co. IL, Mercer Co. IL, Rock Island Co. IL & Scott Co. IA Decatur: Macon Co.Kankakee: Kankakee Co. Metro-East:
Bond Co., Calhoun Co., Clinton Co., Jersey Co., Macoupin Co., Madison Co., Monroe Co. & St. Clair Co. Peoria-Pekin
(Peoria): Marshall Co., Peoria Co., Stark Co., Tazewell Co. & Woodford Co.Rockford: Boone Co. & Winnebago Co.
Springfield: Menard Co. &SangamonCo.The MSA data (unless noted) were seasonally adjusted to be consistent with state
totals.
The Illinois Economic Observatory and Illinois Jobs Indexis part of the Institute of Government and Public Affairs
at the University of Illinois.
Illinois Jobs Index: MSA REPORT
release 10/31/2012
www.real.illinois.edu
page 4
Employment Forecast for MSAs
Sep 2012*
Sep 2013
(p)*
90,000
Sector with
Highest
Growth
Rate
(p)
Sector with
Lowest
Growth Rate
(p)
Number of
Jobs *
Growth Rate
%
Growth
90,400
100~400
0.11%~0.44%
+
PRO (1.3%)
MAN (-6.1%)
103,500
102,600
-900~0
-0.88%~0%
-
INF (6.9%)
MAN (-1.2%)
Chicago
4,069,100
4,081,000
11,900~15,800
0.29%~0.39%
+
CON (3.6%)
EDU (1.9%)
Davenport-Rock
Island-Moline
179,400
178,500
-900~-600
-0.50%~-0.34%
-
GOV (1.3%)
PRO (-6.0%)
Decatur
52,500
52,000
-500~0
-0.96%~0%
-
MAN (1.6%)
PRO (-7.1%)
Kankakee
43,300
43,200
-100~200
0.23%~0.46%
+
MAN (1.1%)
CON (-6.9%)
Peoria
183,500
185,800
300~600
0.16%~0.33%
+
MAN (2.5%)
INF (-4.4%)
Rockford
147,000
147,400
400~700
0.27%~0.47%
+
MAN (3.7%)
CON (-6.5%)
Springfield
112,400
110,500
-400~0
-0.36%~0%
-
CON (1.6%)
INF (-5.5%)
MSAs
BloomingtonNormal
Champaign-UrbanaRantoul
*Total Non-Farm Jobs
Illinois Jobs Index: MSA REPORT
release 10/31/2012
www.real.illinois.edu
page 5
Illinois Jobs Index: MSA REPORT
release 10/31/2012
www.real.illinois.edu
page 6
Download